Brian Scott Davis, who serves as Chief Sales & Mrktng Officer at Western Digital CORP (NASDAQ:WDC), reported the sale of 9,692 shares of the company's common stock on February 17, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The transactions generated proceeds of $2.79 million, with individual trade prices ranging between $272.9731 and $285.0074.
Following the disposition, Davis retains 121,792 shares of Western Digital. The sales were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan that Davis adopted on November 3, 2025, as noted in the SEC filing.
Valuation note and research access
InvestingPro's assessment, cited alongside the transaction details, indicates that Western Digital's stock currently appears overvalued relative to its Fair Value assessment. Investors seeking deeper analysis are directed to the company’s Pro Research Report, which is available exclusively on InvestingPro.
Other corporate actions and filings
Western Digital has also completed the full redemption of its 4.750% Senior Notes due 2026, according to a separate SEC filing. That redemption follows a conditional notice of redemption the company issued earlier in the year.
In a regulatory filing, Western Digital disclosed plans to offer up to 7.5 million shares of Sandisk. The filing clarifies that Sandisk will not receive proceeds from this sale because all of the shares subject to the filing are currently owned by Western Digital.
Analyst target revisions and product roadmap
Following Western Digital’s Innovation Day event, two brokerages revised their price targets. Cantor Fitzgerald raised its target to $420 from $325 and kept an Overweight rating. Morgan Stanley increased its target to $369, citing demand for AI storage as a motivating factor behind its revision.
Separately, Western Digital unveiled a storage roadmap that includes a 40TB UltraSMR ePMR hard drive and plans for 100TB-plus hard disk drives designed to address requirements of the AI data economy. The company indicated it is pursuing dual technology paths and expects production of these advanced drives in the coming years.
These regulatory disclosures and strategic updates encompass corporate finance actions - including insider selling and debt redemption - plus portfolio moves and product planning intended to support future demand for large-scale storage solutions.